Filing Flows › AT&T (T) › Q2 2026 › vs Q1 2026
AT&T (T) Q2 2026 vs Q1 2026 (quarter over quarter)
AT&T's revenue rose $52.0M (+0.2%) from $31.5B in Q1 2026 to $31.6B in Q2 2026. The biggest changes: Service +$499M (+2%); Equipment −$447M (-7%). Operating margin 22.3% against 21.1% (+1.2 pts).
AT&T, Q2 2026: revenue $31.6B (+2% year over year), operating margin 22.3%, net earnings $4.6B, operating cash flow $10.8B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 22.3% | 21.1% | +1.2 pts |
| Net margin | 14.7% | 12.2% | +2.5 pts |
| Free cash flow margin | 16.2% | 8.6% | +7.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Wireless service | $18.2B | $17.7B | $499M | +3% |
| Advanced home internet | $2.9B | $2.8B | $127M | +5% |
| Business fiber and advanced connectivity | $1.9B | $1.9B | $64.0M | +3% |
| Other service | $1.9B | $2.0B | −$150M | -7% |
| Business transitional and other | $1.0B | $1.1B | −$41.0M | -4% |
| Service | $26.0B | $25.5B | $499M | +2% |
| Equipment | $5.6B | $6.0B | −$447M | -7% |
| Revenue | $31.6B | $31.5B | $52.0M | +0.2% |
| Operating profit | $7.0B | $6.7B | $380M | +6% |
| Costs & expenses | $24.5B | $24.8B | −$328M | -1% |
| Pre-tax earnings | $5.8B | $5.4B | $434M | +8% |
| Other expense, net | $1.2B | $1.3B | −$54.0M | -4% |
| SG&A | $7.2B | $7.3B | −$95.0M | -1% |
| Other operating costs | $17.3B | $17.5B | −$233M | -1% |
| Net earnings | $4.6B | $3.8B | $798M | +21% |
| Minority interests | $383M | $352M | $31.0M | +9% |
| Income tax | $784M | $1.2B | −$395M | -34% |
| Depreciation & amortization | $5.0B | $5.0B | $0 | 0% |
| Working capital & other | $1.2B | −$1.2B | $2.4B | — |
| Operating cash flow | $10.8B | $7.6B | $3.2B | +42% |
| Free cash flow (OCF − capex) | $5.1B | $2.7B | $2.4B | +88% |
| Capital expenditures | $5.7B | $4.9B | $823M | +17% |
Questions
How much did AT&T's revenue grow quarter over quarter in Q2 2026?
AT&T's revenue rose $52.0M (+0.2%) from $31.5B in Q1 2026 to $31.6B in Q2 2026.
What drove AT&T's revenue change in Q2 2026?
Service +$499M (+2%); Equipment −$447M (-7%).